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CNBC
Oct 1, 2012 3:00pm EDT
private bank, ryan from bimo capital market and our own bob pisani. gentlemen, good to see you. thanks for joining us. nick, if in kt end it's all about earnings, will the markets have a problem given the fact what we're seeing looking at the revenue side of the equation? >> the rate of growth is clearly slowing both on the sales and the earnings front. it's also a game of expectations. for the third quarter the expectations, we've been joking around saying expectations are zero for the quarter since there are no expectations for growth. we think it's going it come in more 4%, 5%. we think the majority of companies are going to beat. the important thing here, we think the expectations for the fourth quarter are too high. while they're too high, we think a majority are going to lower fourth-quarter guidance after reporting. not by the same magnitude as what was last quarter. the cuts are going to come but not be as severe as last quarter. >> brian, what do you think? what are your expectations for earnings going into this quarter? >> they're going to be weak. that's already baked into t
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